Intel is going to reduce their workforce by 5% in 2014

Intel Corporation is going to reduce their global workforce of 107,000 people by around 5% this year. Intel is going to focus on faster-growing areas of the company. This news comes one day after Intel posted their Q4 earnings, which indicated that they were heavily affected by a slowdown in the PC industry. Intel is going to increase investments in their data centers, low power chips, and tablet divisions. Although Intel has been the leading provider for PC chips, they have been slow at building processors that are necessary for smartphones and tablets. Qualcomm and Samsung are the lead providers for processors that are used in those devices.
[Source: Reuters]